Hello Guys, hope you are enjoying analysis. Right now, let me share another trade idea for you all.

USDJPY is trading just below a strong resistance level of 109.500 and it is likely to breake above this level on better than epxected inflation figuresreleasing today from the U.S. Not only this, but U.S is will be releasing Unemployment Claims, CPI and Philly Fed Mnaufacturing figures. I would recommend to aviod trade in case of mixed economic figures, whereas the trade idea is given below.

Fundamentals:

USD
• CPI m/m
• Core CPI m/m
• Philly Fed Manufacturing Index
• Unemployment Claims
• Housing Starts
• FOMC Member Dudley Speaks
• Fed Chair Yellen Testifies

Technical Levels:
R3: 110.16
R2: 109.80
R1: 109.57
Pivot Point: 109.20
S1: 108.84
S2: 108.61
S3: 108.24

USDJPY
Recommendation:
Good to Buy Above 109.450
SL: 109.200
1st TP: 109.730
2nd Tp: 110.10

2 thoughts on “Scalp Alert USDJPY– Trade US Core CPI m/m”

  1. Kash says:

    On the money always! Well done.

    1. Cool, Thanks for your comment, i appreciate it …!!!

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